Cable One (NYSE:CABO) Stock Rating Lowered by Raymond James

Cable One (NYSE:CABO - Get Free Report) was downgraded by research analysts at Raymond James from an "outperform" rating to a "market perform" rating in a note issued to investors on Friday, MarketBeat.com reports.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a research report on Friday. Finally, Wells Fargo & Company reduced their target price on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $417.75.

Cable One Stock Performance

Shares of CABO opened at $263.46 on Friday. The stock has a 50 day moving average of $260.41 and a 200 day moving average of $322.39. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One has a 12 month low of $196.00 and a 12 month high of $437.00. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 6.09 and a beta of 1.07.

Insider Activity at Cable One

In related news, Director Wallace R. Weitz bought 1,000 shares of Cable One stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $244.02 per share, with a total value of $244,020.00. Following the acquisition, the director now directly owns 5,584 shares of the company's stock, valued at $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cable One

A number of large investors have recently modified their holdings of CABO. Virtu Financial LLC bought a new position in Cable One in the 3rd quarter valued at $240,000. Oddo BHF Asset Management Sas purchased a new position in Cable One during the third quarter worth about $717,000. Nordea Investment Management AB increased its stake in Cable One by 5.6% in the 4th quarter. Nordea Investment Management AB now owns 22,056 shares of the company's stock worth $7,984,000 after acquiring an additional 1,179 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock valued at $95,000 after acquiring an additional 220 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd raised its stake in Cable One by 1.5% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock valued at $106,608,000 after purchasing an additional 4,352 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.

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